The five core markets – United Kingdom, Germany, France, Italy and Spain – account for about 70% of the total European STR gross bookings. Recovery is expected to be the fastest in the U.K., exceeding pre-pandemic levels by the end of this year, while France will not see full recovery to 2019 levels before 2024.
According to AirDNA, short-term rental demand increased by 66.4% in April compared to 2020 levels and 5.4% over 2019 levels.
According to AirDNA, occupancy in the United States rose to 60.9% for the month as spring break crowds swarmed coastal destinations, namely in Florida.
Philadelphia’s short-term rental occupancy for July came in slightly lower than the 47.9% recorded by hotels in the market.
The hotel industry has made promising weekly gains in occupancy since its low point of the COVID-19 pandemic, while short-term rentals are nearing last year’s levels in revenue per available room (RevPAR), according to a joint analysis of 27 global markets by STR and AirDNA.
Short-term rentals have maintained higher performance levels than hotels during the time of the COVID-19 pandemic, according to the preliminary findings of a joint global analysis by STR and AirDNA.
Short-term rentals have maintained higher performance levels than hotels during the time of the COVID-19 pandemic, according to the preliminary findings of a joint global analysis by STR and AirDNA.